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2013 and earlier-Mercedes Benz GL-Class Lease Questions
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Comments
Car_man
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Any changes to the programs for GL 350's? I"m looking at 48mos / 12k or 36 mos/12k.
Thanks
The numbers for an otherwise identical 48 month lease are .00240 and 51%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thank you.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Can you please post the GL-450 lease parameters (money factor, residual, etc) for May?
Thank you.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Thanks a lot.
Do you have the numbers for June?
Mercedes-Benz Financial's June buy rate lease money factor and residual value for a 36 month lease of a 2011 GL450 with 15,000 miles per year are .00126 and 55%, respectively for consumers who qualify for its top credit tier.
As you can see, this truck's program is better than last month, so you're lucky that you waited.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Could you please post Mercedes-Benz Financial's June buy rate lease money factor and residual value for a 27 and 36 month lease of a 2011 GL450 with 12,000 miles per year.
Thanks very much.
The numbers for an otherwise identical 36 month lease are .00126 and 57%.
Car_man
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Potentially am working out numbers today with a MB dealer. Can you or someone else quickly share what the July 2011 money factor and residual looks like for these specs?
GL450
12K miles/year
36 months
Thanks!
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
also, can we add more options to the special that MB is offering on their lease specials. i.e. the lease special is based on a specific MSRP of $67,105 less the suggested dealer contribution resulting in a total gross capitalized cost of $64,563
here are the terms:
$649/mo for 27 month lease
$649 First month payment
$4,999 Capitalized cost reduction
$795 Acquisition fee
$6,443 Total cash due at signing
27 month, 10k/year
MSRP $70,120
selling price $63,400
MF .00116
Residual 68%
$747/month
put tax and fees up front, no cap cost reduction.
I think I might have been able to do a little better by shopping around a little more but he gave me this price off the bat so I wanted to give him the business. I also am turning in an R350 with about $1300 in damage that he is taking, so I am factoring that in too.
All in all, happy with the deal.
I have a couple of questions:
1 - is the lease based on the MSRP or is it based on the selling price?
2 - How did you handle the trade in?
leases are based on the difference between selling price and residual. You want a really high residual( 68% is what I got) and a low selling price. The residual is always based on MSRP, you actually pay for the difference between selling price and residual value. Thats why the actual MSRP doesnt really matter, and why you can get a 70k truck for the same price as a 40k one on a lease. hope that helps
Thanks, George
I am based in Boston and will most likely make the move on the GL 450 before the end of the month to take advantage of the 27 month lease which I think is very good.
Why you did not do the advertized special of 649.00 per month with 5 K down?
I am interested in:
P1 Package
Lighting Package
Running Brds
Parktronic
Blind Spot Assist
Any suggestions?
is this good to be true, what is the catch, if any? all other dealers have the $649 lease for 27 months.
Thanks!
Can you provided updated August residual and money factor for 2011 MB GL 450. Not sure if they are still offering 27 mo lease. If so please provide for those terms and/or 36mo. 12K miles.
Thanks
Leasing 73K MSRP GL450 this month with 12K miles and 27 months total.
Here's what I have been offered:
Base payment is 700 (750 incl tax).
First month payment ==> Cap reduction 5800 + 750 monthly + 300 license fee = 6850.
National Ad has a 649 monthly payment and 6443 first payment.
Please advise if this is a decent deal. I am looking to get this by end of Aug.
Thanks in advance!
I'm not sure if MB is still running 27-month leases on this model, but if it is the numbers for that term are likely .00126 and 67%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
How do we use those numbers to get reasonable monthly and down payment numbers?
Thanks.
Here is an offer we received.
GL450 MSRP $73,240 Lease for 27 months with 10,000 miles per year for $810 including sales tax & maintenance,
$2,200 due at signing.
I would suggest to reduce the total amount at sign-in.
Hope this helps.
Good luck.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Payment with Tax is $775.00, 27 months, .00126, 65%, 15,000 miles, approx $2500.00 out of pocket includes first months and all fees.
I think I got a pretty good deal, anyone else have think so?
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Here is the car from MB of Devon, PA. GL 450 Silver with black MB Tex. Options: P1, RSE, Blind-spot, Parktronic, Appearance Package, Lighting Package, trailer hitch, heated steering wheel. Sticker with destination is just shy of $75,000. I used USAA discount on top of my negotiated deal with the dealer. I am down to $63,000.00 as selling price. I negoiated the trade outside of my lease deal. I got $23,000 on a 2007 Acura MDX, all other dealers from MB to Lexus to Land Rover were 22,000 or less, they are cutting me a check to bring with my new GL
Payment with Tax is now $765.00, 27 months, .00126, 65%, 15,000 miles per year, approx $2350.00 out of pocket includes first months payment and all fees. They also gave me a certificate for my first service free...!
There are deals to be had out there if you can use the USAA discount on top of the price you get the dealer down to. I am getting about $12,000 off the sticker...
$12k off seems to be a really great selling price. Although, the bargain hunter in me wants to know if the $16k discount mentioned earlier in the discussion thread is realistic.
Based on the selling price in your latest post, your monthy payment should come in at $727.08, and not the $765 that they quoted you for 27 months. This is with my lease calculator. I would want to know their explanation for the difference.
Your $2350 out-of-pocket should include first payment, bank fee, and registration. Maybe even a penny or two for cap cost reduction. There should be no additional costs that would drive the payment to the level which they quoted.
Please let me know what they say...Alex
Thanks for the reply. Did you take into account the 7% tax in NJ on the lease with your 727 number? my 765 number is with tax. Let me know and I will take a close look at all the numbers.
Keith
Thx
$727 is the monthly payment including 8.75% sales tax for Los Angeles County. Please do take a closer look at those numbers. If you are happy with the $765/mo. payment, then you are essentially done. However, the $12k discount you were promised corresponds to a payment lower than $727(at 7% NJ tax.)
Let me know how it goes...Alex
CAN I DO BETTER?
Based on post #256, I would say that you can do better....Alex